So the broke ass city of Detroit has a 982 acre island called Belle Isle sitting snuggly between Detroit and Canada. It's basically just a big ass park, and since the city is broke it's kinda run down.
Anyway, an interesting proposal was floated that I figured some people here might find interesting:
Source - Developer pitches $1B commonwealth for Belle Isle | The Detroit News | detroitnews.com
It's an interesting concept, but according to the article it'll never happen in Detroit and knowing what I know about the fucking retards running the city, that's true. However, there are going to be quite a few municipal bankruptcies around the country in the next few years so I can see something like this happening if the situation is right.
Anyway, an interesting proposal was floated that I figured some people here might find interesting:
Here's the scenario for the Commonwealth of Belle Isle that Lockwood and others want to see: Private investors buy the island from a near-bankrupt Detroit for $1 billion. It then would secede from Michigan to become a semi-independent commonwealth like Puerto Rico and the Northern Mariana Islands.
Under the plan, it would become an economic and social laboratory where government is limited in scope and taxation is far different than the current U.S. system. There is no personal or corporate income tax. Much of the tax base would be provided by a different property tax — one based on the value of the land and not the value of the property.
It would take $300,000 to become a "Belle Islander," though 20 percent of citizenships would be open for striving immigrants, starving artists and up-and-coming entrepreneurs who don't meet the financial requirement.
Source - Developer pitches $1B commonwealth for Belle Isle | The Detroit News | detroitnews.com
It's an interesting concept, but according to the article it'll never happen in Detroit and knowing what I know about the fucking retards running the city, that's true. However, there are going to be quite a few municipal bankruptcies around the country in the next few years so I can see something like this happening if the situation is right.